The following discussion and analysis should be read in conjunction with the unaudited consolidated financial statements for the nine months ended September 30, 2006 and the audited consolidated financial statements of the Company for the years ended December 31, 2005 and 2004 and the notes pertaining thereto, which have been prepared on the going concern basis of presentation. If the going concern basis was not appropriate for these financial statements, then adjustments would be necessary to the carrying value of assets and liabilities, the reported revenues and expenses, and the balance sheet classifications used.

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